2.A person got a loan of 200.000 from Bank A at 12 % annual interest...
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2.A person got a loan of 200.000 ₺ from Bank A at 12 % annual interest rate. The bond will be repaid in 24 months with equal instalments. 4 Months later he learned that he could get the loan from bank Bank B, at 11 % interest rate. Bank B, conceded to the request. Therefore he will pay back the loan to Bank A and get the same amount of loan from Bank B. What is the amount of loan to be paid back to Bank A? Prepare a bank amortization table showing the remainder of the loan at the end of the 4th month 2.A person got a loan of 200.000 ₺ from Bank A at 12 % annual interest rate. The bond will be repaid in 24 months with equal instalments. 4 Months later he learned that he could get the loan from bank Bank B, at 11 % interest rate. Bank B, conceded to the request. Therefore he will pay back the loan to Bank A and get the same amount of loan from Bank B. What is the amount of loan to be paid back to Bank A? Prepare a bank amortization table showing the remainder of the loan at the end of the 4th month
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Answer rating: 100% (QA)
To calculate the amount of the loan to be paid back to Bank A and prepare an amortization table well follow these steps Step 1 Calculate the monthly r... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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